Collateral Servicing Specialist

Chicago, IL, United States

Job Description

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At JPMorgan Chase, we are enthusiastic about how we value our employees and cultivating a culture where our leadership stands tall on that example; to help you succeed in your everyday role and beyond.

Primary functions for the role include monitoring the collateral of clients with asset-based loans (ABL) and providing customer service in support of the ABL loan product. The monitoring functions include: posting of borrowing bases, calculating ineligible collateral from accounts receivable agings and posting to the collateral monitoring system, identifying and analyzing of collateral changes/trends, reviewing and if necessary balancing cash collateral accounts. The customer service functions include: processing loan advances, loan balancing, updating advance rates and other loan information, and calculating of interest and fees according to loan documentation. Additionally, individual will be responsible for answering questions for both internal and external clients, and monitoring the receipt and tracking of supporting documentation from the client.

Qualifications:
  • Requires EITHER related Bachelor\'s Degree OR commercial loan experience
  • Prefer experience in Asset Based Lending (ABL) collateral monitoring
  • Prefer knowledge of commercial lending loan documentation and the ability to interpret standard commercial lending legal terms and language.
  • Prefer familiarity with mainframe loan systems and/or commercial lending loan accounting systems. Knowledge of Knowledge of LIQ Misys/Stucky (ACE) system a strong plus
  • Very proficient in Microsoft Office Excel and proficient with other Office applications (Word, Outlook, PowerPoint, etc.)
  • Strong analytical skills and a demonstrated ability to complete complex reconciliations
  • Excellent customer service skills. Strong communication skills, verbal and written, both with internal bankers and clients
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world\'s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management. We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants\' and employees\' religious practices and beliefs, as well as any mental health or physical disability needs. The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment. As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm\'s current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm\'s vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, discretionary incentive compensation which may be awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. Equal Opportunity Employer/Disability/Veterans

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Job Detail

  • Job Id
    JD4255401
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Chicago, IL, United States
  • Education
    Not mentioned